Issue of Equity / New Team
10 October 2005
The Board of Jelf Group plc ("Jelf Group" or the "Company"), an established corporate intermediary, today announces that it has recruited an experienced team of self-employed corporate pension advisers. The new team will support the Group's drive into the flexible benefits market. As an incentive the team members have been issued with new ordinary shares in the Company.
The Company has made application for 125,000 new 1p ordinary shares to be admitted to trading on AIM. Admission of these shares is expected to occur on 2 November 2005.
Jelf Group CEO, Alex Alway, commented:
'Employer demand for flexible benefit packages increases at a pace. The Jelf Group's broad skill base means that it will be well placed to meet this demand. This new team represents another piece in the jigsaw aimed at providing solutions in the large corporate marketplace and will substantially increase the Group's capacity to write business in this area.'
The team will be based at the Jelf Group's new Swindon office.
Further information from:
JM Finn & Co
Sam Smith
Tel: 020 7628 9688
Jelf Group plc
Alex Alway (Group Chief Executive)
Tel: 01454 272799
Phil Barton (Group Commercial Director)
Tel: 01454 272754